Mar 02, 2022 (AB Digital via COMTEX) -- The new sanctions levied on Russia have turned the ruble to rubble. Its value has crashed at a precipitous pace. Oligarchs and other wealthy individuals effected are quickly switching funds from rubles to Bitcoin (crypto:BTC). This is both a direct driver of $BTC value and a use case driving its value among previous skeptics. The cryptocurrency jumped over 13% on Monday as investors project demand for the cryptocurrency could also be coming from Ukrainians seeking a digital solution to money as many flee the country or prepare for further disruption in the wake of the Russian invasion.
Reports of cleared-out ATMs and downed credit card terminals in the invaded country are even more reasons for the return of the Bitcoin bull market.
After several weeks, even months of bearish Bitcoin, it is time for investors to reexamine some of the biggest news from Bitcoin penny stocks over the past few weeks because investors will be coming back into these securities in the near term. Stay ahead of the bulls by doing your research. The first crypto penny stock to start looking into is Marketing Worldwide Corp. (otcmkts:MWWC).
CATALYSTS COULD SEND MWWC ‘TO DA MOON’
Marketing Worldwide Corp. (otcmkts:MWWC) had one of the most exceptional news months of any crypto stock in February. Unfortunately, it picked a bad month from great news. There are, however, several catalysts for investors to radar that could send MWWC back to its YTD highs. After announcing a Forward Split that was not well received the company showed its ears are to the street, and quickly reversed course announcing a share buyback tied to the release of its $MNS token. MWWC is looking to create investor value with its MNS token release following in the footsteps of alt. Coin winners like (crypto:DOGE) and (crypto:SHIB). MNS transactions will trigger share buybacks in MWWC, meaning investors will benefit directly and indirectly from this major launch.
Marketing Worldwide’s (otcmkts:MWWC) biggest launch will be the Minosis platform, a crypto mining software that allows users from around the world to mine several cryptocurrencies and rent hash rates from the company. MWWC has already noted several impressive potential 2022 earnings based on beta testing of its Minosis Platform. These numbers could increase significantly and haven’t factored in $MNS profits and several other verticals MWWC is working on. Any revised updates could be a major catalyst for MWWC stock.
With the rising price of Bitcoin MWWC’s potential only increases, much like other crypto mining penny stocks such as Hut 8 Mining Corp. /zigman2/quotes/208114896/composite HUT -2.80% and Canaan Inc. /zigman2/quotes/215105791/composite CAN -4.02% .
BTCS Inc. /zigman2/quotes/201182350/composite BTCS -6.11% , a blockchain technology-focused company, is another company that had its news fall on deaf ears prior to the pop in Bitcoin. Recently the company announced the appointment of Manish Paranjape as Chief Technology Officer, who brings more than 25 years in the technology sector to his CTO role at BTCS.BTCS /zigman2/quotes/201182350/composite BTCS -6.11% is a blockchain infrastructure and technology company that operates validator nodes on various proof of stake-based blockchain networks, earning rewards of additional digital assets by actively verifying and validating blockchain transactions on the networks. The Company is developing a proprietary Staking-as-a-Service platform to allow users to stake and delegate supported cryptocurrencies through a non-custodial platform, which it plans to integrate with its Data Analytics Dashboard, now in beta release. BTCS’ proprietary digital asset platform currently supports six exchanges and over 800 digital assets.
BLOCKCHAIN PLAYS PROVIDE INSULATION FOR SKEPTICAL INVESTORS
There are some peripheral blockchain plays such as Eastman Kodak Company /zigman2/quotes/205109646/composite KODK -3.85% , DatChat Inc. /zigman2/quotes/228734162/composite DATS -7.14% and Sphere 3D Corp. /zigman2/quotes/208465717/composite ANY +0.77% for investors who aren’t yet sold on cryptocurrency.
However, with Bitcoin prices heading back toward $50k its hard to ignore mining companies and plays like Marketing Worldwide Corp. (otcmkts:MWWC) who seem poised to benefit immediately.
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